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Studio · 575 sqftBlue Wave Tower, Dubailand Residence Complex · 5th floor · completed 2023

503, Blue Wave Tower

Sold prices and rental history: sold once, by the developer in March 2022, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 437K24 March 2022
Current rentAED 44K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Blue Wave Tower

What is 503 worth today?

Last sold for AED 436,845 in 2022

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1 Nov 2024RentedNew contract
AED 44,000/yr12 months · AED 77 per sqft
24 Mar 2022Sold by developerOff-plan
AED 436,845AED 760 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio apartment
Size
575 sqft
Floor
5th of 19
Parking
1
Developer
Tiger Properties
Completed
2023
Service charge
AED 8,900 /yr
Last sold
AED 437K · March 2022
Building
Blue Wave Tower

About 503, Blue Wave Tower

503 is a studio of 575 sqft on the 5th floor of Blue Wave Tower, a 19-storey tower in Dubailand Residence Complex completed in 2023 by Tiger Properties. The developer sold it on 24 March 2022 for AED 436,845, or AED 760 per sqft, in line with the AED 775 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2024. The current contract, signed on 1 November 2024, is AED 44,000 a year: a gross yield of 10.1% on the 2022 price, before the service charge of about AED 8,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical studio in Blue Wave Tower
400K500K2020202220242026Typical sale price by year: 2020 AED 370,000; 2021 AED 435,860; 2022 AED 442,733; 2023 AED 400,000; 2024 AED 445,000; 2025 AED 455,000; 2026 AED 510,000Sold by developer, March 2022: AED 436,845 (AED 760 per sqft)

503 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 503, each contractTypical studio in Blue Wave Tower
35K40K45K20232024202520262027Typical rent by year: 2023 AED 35,000; 2024 AED 38,000; 2025 AED 42,000; 2026 AED 42,000New contract, November 2024: AED 44,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Blue Wave Tower, and where 503 sits

All 326 studios →

503 last sold in March 2022 at AED 760 per sqft, in line with what studios in Blue Wave Tower were fetching at the time (AED 775). Over the last 12 months studios sold for AED 307,704 to 565,000, around AED 953 per sqft, and rent for AED 25,000 to 67,229 a year. 503's AED 44,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026510,000
6 Oct 2026540,000
1 Oct 2026445,000
24 Sep 2026485,000
31 studio sales in the last 12 months

Blue Wave Tower

Building

556 apartments, studios to 2-bed over 19 floors in Dubailand Residence Complex, completed in 2023 by Tiger Properties. 40 sold in the last 12 months.

Typical price per sqft
AED 955 Up 3.8%
Typical sale
AED 520K
Typical rent
AED 46K /yr
Typical yield
8.0%
Blue Wave Tower, Dubailand Residence Complex: prices, sales and rents →

Other units on the 5th floor

All 556 units in Blue Wave Tower
Value
501StudioAED 436K · May 2023
502StudioAED 520K · May 2026
504StudioAED 456K · Feb 2021
505StudioAED 349K · Oct 2023
506StudioAED 349K · May 2023
5071-bedAED 712K · Nov 2022
5081-bedNo registered sale
1–7 of 29

503, Blue Wave Tower in numbers

  • Sold once: by Tiger Properties on 24 March 2022 for AED 436,845, or AED 760 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2022 price is 10.1%, before a service charge of about AED 8,900 a year (AED 15.54 per sqft).
  • Studios in Blue Wave Tower sold for AED 307,704–565,000 in the 12 months to November 2026; the building's median across all types is AED 955 per sqft.

Source: Dubai Land Department. Updated 1 November 2024.

Questions about 503, Blue Wave Tower

What did unit 503 last sell for?

AED 436,845 on 24 March 2022, sold by the developer: AED 760 per sqft for 575 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 44,000 a year on the contract signed on 1 November 2024.

How big is unit 503?

575 sqft (53.4 sqm): a studio on the 5th floor of a 19-storey tower completed in 2023.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Blue Wave Tower sold for AED 307,704 to 565,000 in the last 12 months, around AED 953 per sqft.

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Mortgage on 503, Blue Wave Tower

Starts from the last sale price (AED 437K, 24 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 436,845
Deposit, UAE resident (20%)
AED 87,369
Deposit, non-resident (40%)
AED 174,738
Monthly over 25 years at 3.7%
AED 1,787

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →